admin

Aussie fell broadly today as pressured by a combination of factor. A significant contributor is the strengthening greenback, supported by expectations of slower-than-anticipated Fed easing cycle and rising yields driven by US presidential election considerations. Another factor weighing on Aussie is the waning enthusiasm for China’s stimulus measures, mirrored in sluggish performance in Chinese and

It is being reported by Reuters that China president Xi Jinping had asked US president Joe Biden to change the language that the latter uses when discussing its position on Taiwan independence. The request came about last year, in which China wanted the US to explicitly say that they “oppose Taiwan independence” rather than mention

On the auspicious occasion of Dhanteras, Gold December futures on the MCX opened 0.4% or Rs 304 higher at Rs 78,870/ 10 grams, hovering close to their all-time high level of Rs 78,919/10 gm. Meanwhile, December silver futures contracts surged 0.43% or Rs 426 to the day’s high of Rs 97,850/kg. So far in the

While Yen remains the weakest performer today, it has managed to recover part of its initial losses following the weekend’s inconclusive election. Investor sentiment stabilized somewhat on hopes that Japan’s Liberal Democratic Party could still secure a majority in the lower house through a coalition with Komeito and smaller parties. Reports suggest that the government

High yield 4.138 WI yield st the time of the auction 4.122 Tail 1.6 basis point 6-auction avg. 0.5bps Bid-to-Cover 2.39X vs 6-auction avg. 2.37x Dealers 14.2% vs 6-auction avg. 14.4% Directs (a measure of domestic demand) 9.50% vs. 6-auction avg. 17.6% Indirects (a measure of international demand) 76.4% vs 6-auction avg. 68.0% AUCTION GRADE:

Oil prices tumbled and global stocks rose Monday on relief that Israel’s strikes on Iran avoided the country’s energy infrastructure. Israel spared oil and nuclear facilities in its air strikes on Iranian military targets Saturday, easing investor concerns about the extent of Israel’s retaliation to Tehran’s October 1 missile barrage. “Investors breathed a sigh of

Yen suffered broad-based selloff during an otherwise quiet Asian session, following the weekend’s indecisive snap election that left Japan without a clear governing party. In contrast, Dollar emerged as the main beneficiary despite its own political uncertain, building on its recent upward momentum and gained across the board.. Canadian Dollar and Euro also showed firmness.

The Japanese yen is hogging most of the attention to start the week, following the results of the weekend election. More on that here: However, just be wary that bond yields are still a key focus point for broader markets. And with yields sitting higher again today, that is helping to underpin the dollar as

Dhanteras is synonymous with gold buying and people who purchased yellow metal on this day (November 10, 2023) last year have been rewarded handsomely with 30% returns in less than a year. Despite the surge, there is still an upside to Rs 87,000 per 10 gram till next Dhanteras which is a 10-11% gain over